FLOW vs. QOWZ
FLOW (SPX FLOW, Inc.) is a stock, while QOWZ (Invesco Nasdaq Free Cash Flow Achievers ETF) is Large Cap Growth Equities fund tracking the Nasdaq US Free Cash Flow Achievers Index - Benchmark TR Gross. Over the past year, FLOW returned 22.78% vs -4.42% for QOWZ. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
FLOW vs. QOWZ - Performance Comparison
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Returns By Period
In the year-to-date period, FLOW achieves a 4.80% return, which is significantly higher than QOWZ's -8.29% return.
FLOW
- 1D
- 0.30%
- 1M
- -1.58%
- YTD
- 4.80%
- 6M
- 4.44%
- 1Y
- 22.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QOWZ
- 1D
- -0.86%
- 1M
- -3.41%
- YTD
- -8.29%
- 6M
- -9.37%
- 1Y
- -4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOW vs. QOWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLOW SPX FLOW, Inc. | 4.80% | 17.52% | 13.03% | 5.12% |
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | -8.29% | 7.24% | 33.16% | 5.69% |
Correlation
The correlation between FLOW and QOWZ is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023 | 0.58 |
The correlation between FLOW and QOWZ has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.
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Return for Risk
FLOW vs. QOWZ — Risk / Return Rank
FLOW
QOWZ
FLOW vs. QOWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPX FLOW, Inc. (FLOW) and Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLOW | QOWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.97 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.25 | +3.71 |
| Martin ratioReturn relative to average drawdown | 9.35 | -0.63 | +9.98 |
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Drawdowns
FLOW vs. QOWZ - Drawdown Comparison
The maximum FLOW drawdown since its inception was -21.64%, which is greater than QOWZ's maximum drawdown of -20.36%. Use the drawdown chart below to compare losses from any high point for FLOW and QOWZ.
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Drawdown Indicators
| FLOW | QOWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -20.36% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -17.81% | +11.20% |
Current DrawdownCurrent decline from peak | -5.92% | -11.78% | +5.86% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -4.09% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 7.03% | -4.59% |
Volatility
FLOW vs. QOWZ - Volatility Comparison
The current volatility for SPX FLOW, Inc. (FLOW) is 5.06%, while Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) has a volatility of 6.26%. This indicates that FLOW experiences smaller price fluctuations and is considered to be less risky than QOWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOW | QOWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 6.26% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 12.54% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 15.64% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 19.30% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 19.30% | -2.35% |
Dividends
FLOW vs. QOWZ - Dividend Comparison
FLOW's dividend yield for the trailing twelve months is around 2.13%, more than QOWZ's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FLOW SPX FLOW, Inc. | 2.13% | 2.15% | 2.10% | 0.95% |
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.27% | 0.28% | 0.66% | 0.00% |
Frequently Asked Questions
FLOW and QOWZ have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QOWZ has higher volatility (6.26%) compared to FLOW (5.06%). In terms of maximum drawdown, FLOW dropped -21.64% vs QOWZ's -20.36%.
FLOW currently has the higher Sharpe Ratio (1.48 vs -0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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